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Iron ore rally risks “fizzling” here –Morgan Stanley

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Update time : 2024-11-01 14:49:06
The iron ore market has experienced a tumultuous October, with prices now sagging back toward the psychological US$100/t level in choppy trade after peaking at US$110/t earlier in the month. The euphoria over news in late September that Beijing intends to implement a range of monetary and fiscal measures to jump-start China's ailing stock and property markets appears to be wearing off.

Major broker Morgan Stanley has released a new research note titled “DataDig: IO fizzling?” in which it ponders the future path of the iron ore price for the next six months, as well as highlighting the broker’s top ASX iron ore picks. Here’s a snapshot of the report.

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